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OpenAI’ CEO Leads Worldcoin, a Crypto Initiative, Post Funding Report.

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OpenAI' CEO Leads Worldcoin, a Crypto Initiative, Post Funding Report.

(CTN News) – Sam Altman, the CEO of OpenAI, has reaffirmed his commitment to the cryptocurrency project Worldcoin, despite recent reports of the company’s $50 million funding campaign.

Worldcoin aims to establish a global identity and financial network, with over 2.6 million individuals already signing up to receive a digital ID and free cryptocurrency in exchange for having their irises scanned by Worldcoin’s “orb” devices.

Altman participated in a virtual Q&A session organized by fintech-focused investment bank FT Partners, addressing these developments a week after news outlet The Block disclosed Tools For Humanity’s fundraising efforts for Worldcoin.

The project’s crypto tokens are being sold at a discounted rate in order to raise funds, as reported by The Block.

On Thursday, Altman emphasized the increasing significance of distinguishing between humans and AI in a world where AI is prevalent.

He stated that the ability to identify unique individuals would become increasingly crucial as AI continues to play a larger role in our lives.

The Block reached out to Worldcoin for comment on their report, but a spokesperson for the company has not yet responded.

Worldcoin previously secured $115 million in a Series C funding round, with Blockchain Capital, a16z crypto, and Bain Capital Crypto leading the investment.

Following its launch in July, Worldcoin has attracted the attention of regulators in the United Kingdom and Germany, who have expressed interest in investigating the project.

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